Similar Stories to Tesla 1q Profit Falls 55%, But Stock Jumps As Company Moves To Speed Production Of Cheaper Vehicles on Bing News

The Associated Press, Denver Post: Business
Mon, 04/22/2024 - 3:27pm

By TOM KRISHER and DAVID HAMILTON (AP Business Writers) Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. The Austin, Texas, company said it made $1.13 billion from January through March compared with $2.51 billion in the same period a year ago. Investors and analysts were looking for some sign that Tesla will take steps to stem its stock’s slide this year and grow sales.

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Similar Stories to Tesla 1q Profit Falls 55%, But Stock Jumps As Company Moves To Speed Production Of Cheaper Vehicles on Bing News

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